Bitwise Launches CLNK ETF for Regulated Access to Chainlink Infrastructure
- New Product Launch: Bitwise has launched the CLNK ETF on NYSE Arca, allowing investors to gain spot exposure to the Chainlink ecosystem without directly holding LINK tokens, thereby broadening access to crypto infrastructure assets.
- Rising Market Demand: The introduction of CLNK signifies increasing institutional demand for crypto infrastructure assets, especially following Grayscale's launch of the first Chainlink ETF last December, with CLNK's competition likely to further drive market growth.
- Optimized Fee Structure: Bitwise has set a 0.34% annual management fee for CLNK and waived fees for the first three months on assets up to $500 million to support early liquidity, a strategy that is expected to attract more investors.
- Improved Regulatory Environment: The launch of this ETF coincides with a faster approval process for crypto ETFs in the U.S., as regulatory bodies have adopted a more positive stance towards digital assets, further enhancing market interest in infrastructure tokens like Chainlink.
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Technical Analysis for DEFI
Technical Sentiment Analysis for DeFi (DEFI). As of , DeFi (DEFI) is exhibiting a Sell technical sentiment. Our proprietary analysis, which aggregates 3 technical signals, shows that 0 indicators are flashing buy, while 3 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for DEFI stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the crypto.
Support, Resistance & Moving Averages. From a structural perspective, DEFI is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
DeFi (DEFI) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.000107 | 0.000195 | 0.000262 | 0.00035 | 0.000417 | 0.000505 | 0.000572 |
| Fibonacci | 0.000195 | 0.000254 | 0.000291 | 0.00035 | 0.000409 | 0.000446 | 0.000505 |
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